Laurent Bought Shares of a Canadian Company for 78 Canadian

question 24

Multiple Choice

Laurent bought shares of a Canadian company for 78 Canadian dollars per share. Two years later, he sold at 75 Canadian dollars per share. At the time of purchase, the Canadian dollar was at U.S. 81 and at the time of sale, U.S .75. What was Laurent's gain or loss in U.S. dollars?

• A) gain of $1.80
• B) loss of $1.80
• C) loss of $6.93 per share
• D) gain of $6.93 per share

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Definitions:

Annual Pay Raises

Incremental increases in salary or wages given to employees on a yearly basis.

Cognitive Processes

Mental actions involved in acquiring, processing, and storing knowledge, such as perception, memory, and reasoning.

Cognitive Processes

Mental actions or operations that are involved in understanding, processing, and storing information, including reasoning, memory, attention, and language.

Classical Conditioning

A pairing process in learning that involves two stimuli; initially, the response is provoked by the second stimulus but over time, the first stimulus provokes the response on its own.